BofA plans 14-month capped Accelerated Return Notes tied to indexes

By Susanna Moon

Chicago, April 17 – BofA Finance LLC plans to price 0% Accelerated Return Notes due June 2019 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The basket consists of the S&P 500 index with an initial weight of 50%, the Euro Stoxx 50 index with an initial weight of 40% and the Russell 2000 index with an initial weight of 10%.

The payout at maturity will be par plus triple any basket gain, up to a capped return of 13% to 17%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price and settle in April.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.